Job Description
Wealth Management - Credit Risk Associate
Wealth Management (WM) provides advice, strategies and solutions for all aspects of the financial, asset management and wealth transfer needs of high net worth and ultra-high net worth clients. WM is dedicated to delivering an outstanding client experience by providing unbiased advice and individual solutions.
Credit Risk assesses, permissions and manages credit and counterparty risks on an industry, client, geographic and transaction basis. Credit risk is the risk of loss arising from the default of a client or counterparty. The Credit Risk function identifies, measures, limits, manages and monitors credit risk across our businesses. Credit exposure arises through underwriting, lending and trading activities with and for clients and counterparties, as well as from a range of operating services such as cash management and clearing activities.
Responsibilities:
• Evaluate GWM consumer and business purpose credit requests utilizing applicable Credit Risk Policies and Guidelines.
• Analyze individual and business/entity financial statements, public information sources, individual credit reports, and other relevant information to calculate cash flow and balance sheet ratios. Utilize these ratios and evaluate other qualitative factors to determine a client s risk of default following J.P. Morgan Wholesale Risk Grading Methodology to comply with Basel III standards for regulatory risk grading requirements.
• Complete an analysis of the collateral and/or loan covenants/ events of default to determine the potential loss in a default situation.
• Independently identify and clearly articulate risks and mitigating factors that could impact the client s ability to repay the loan. Individual will recommend a course of action with clear and concise rationale.
• Understand and clearly articulate geo-political risks and jurisdictional issues that impact our domestic and cross-border clients.
• Engage in regular dialogue with Front Office to obtain required information critical to making a loan decision. Individual will negotiate loan structure and terms when necessary, and will provide alternative solutions when appropriate.
• Escalate credit issues to Credit Executive and provide solution(s) and/or next steps for resolution.
• Responsibility for portfolio management and appropriate escalation for their respective markets to ensure credit risk is maintained.
• Work with Risk Support and Closing partners to ensure a seamless and timely delivery of credit to the client, while maintaining a strict regulatory and control environment.
• Special projects will be assigned as appropriate.
• Mentor less experienced Credit Analysts and Support Partners, as well as other GWM staff.
• Provide feedback on, and recommend enhancements to existing processes and procedures to enhance
Wealth Management (WM) provides advice, strategies and solutions for all aspects of the financial, asset management and wealth transfer needs of high net worth and ultra-high net worth clients. WM is dedicated to delivering an outstanding client experience by providing unbiased advice and individual solutions.
Credit Risk assesses, permissions and manages credit and counterparty risks on an industry, client, geographic and transaction basis. Credit risk is the risk of loss arising from the default of a client or counterparty. The Credit Risk function identifies, measures, limits, manages and monitors credit risk across our businesses. Credit exposure arises through underwriting, lending and trading activities with and for clients and counterparties, as well as from a range of operating services such as cash management and clearing activities.
Responsibilities:
• Evaluate GWM consumer and business purpose credit requests utilizing applicable Credit Risk Policies and Guidelines.
• Analyze individual and business/entity financial statements, public information sources, individual credit reports, and other relevant information to calculate cash flow and balance sheet ratios. Utilize these ratios and evaluate other qualitative factors to determine a client s risk of default following J.P. Morgan Wholesale Risk Grading Methodology to comply with Basel III standards for regulatory risk grading requirements.
• Complete an analysis of the collateral and/or loan covenants/ events of default to determine the potential loss in a default situation.
• Independently identify and clearly articulate risks and mitigating factors that could impact the client s ability to repay the loan. Individual will recommend a course of action with clear and concise rationale.
• Understand and clearly articulate geo-political risks and jurisdictional issues that impact our domestic and cross-border clients.
• Engage in regular dialogue with Front Office to obtain required information critical to making a loan decision. Individual will negotiate loan structure and terms when necessary, and will provide alternative solutions when appropriate.
• Escalate credit issues to Credit Executive and provide solution(s) and/or next steps for resolution.
• Responsibility for portfolio management and appropriate escalation for their respective markets to ensure credit risk is maintained.
• Work with Risk Support and Closing partners to ensure a seamless and timely delivery of credit to the client, while maintaining a strict regulatory and control environment.
• Special projects will be assigned as appropriate.
• Mentor less experienced Credit Analysts and Support Partners, as well as other GWM staff.
• Provide feedback on, and recommend enhancements to existing processes and procedures to enhance
💡 Quick Summary
Seeking a career-building opportunity? The Associate Credit Risk Underwriting AWM position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
